Heritage offers to buy Larry's dealerships

Heritage Automotive Group is engaged in talks to purchase some or all of the Baltimore-area dealerships operated as Larry's Chevrolet, Larry's Dodge, Larry's Mazda and Larry's GMC Truck Pontiac.

Officials for the two companies would not speak publicly about the negotiations, but a source familiar with the talks, who spoke on the condition of anonymity, said Heritage has made a formal offer and a tentative settlement is scheduled for Aug. 23.

The source said the deal could easily be delayed, changed or canceled before settlement.